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Updated over 6 years ago on . Most recent reply
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looking for help on a Wholesale Deal
Hi,
Looking for some advise on doing my first wholesale deal.
I've come across a house where the owner is deceased.
The house is going to be selling for 300k
Houses in that area selling for 325k -350k
House is out dated and there is signs of termite damage.
I'm guessing repair value could be anywhere from 50k - 100k
what would be the best way to structure this on a wholesale deal.
Most Popular Reply
With those numbers it doesn’t look like a good deal for your investors. So they’ll be all in for roughly $350K and no room to make money on it. And you certainly have to factor in your fee. I would take another hard look at it first..